Home Business & Finance Al Qaryan signs MoU with SAP

Al Qaryan signs MoU with SAP

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DAMMAM: Al Qaryan Holding, the leading metal recycling, processing, and trading company, announced today it is driving innovation in the Gulf Cooperation Council (GCC)’s USD 6 billion (SAR 23 billion) recycling market, thanks to a digital transformation partnership with global technology company SAP.

One of MENA’s larger recycling companies, Al Qaryan Holding has 27 facilities for a total of more than 1 million tons per year. Al Qaryan Holding’s activities include metal and WEEE recycling, logistics and treatment of reuse materials and equipment, waste management services, dismantling and demolition.

Under the Saudi Vision 2030, Saudi Arabia continues to advance its circular economy initiatives to align globally, with the potential to reach 90 percent rate of recycling metal that is seen in more developed circular economies. With these huge efforts in circular economy Saudi Arabia is primed to support environmental sustainability.

Further leading innovation in the region’s recycling market, Al Qaryan Holding is the first recycling company in the Middle East and North Africa to digitally transform with SAP intelligent solutions, which will enable Al Qaryan Holding to innovate, optimize its operations, better product costing, and do data-driven decision-making for its regional expansion plans of near future. Al Qaryan Holding and SAP leadership also agreed to join hand for future sustainability initiatives.

“As the GCC’s demand for end-to-end recycling grows, Al Qaryan Holding needed real-time insights to deliver operational excellence across our occupational health and safety, facilities, people, fleet, and maintenance,” said Mohammed Al Qaryan, Chairman, Al Qaryan Holding. “Our digital transformation with SAP will enable us to deliver the highest quality services, products, enhance customer satisfaction, and better working environment.

In terms of solutions, Al Qaryan Holding is set to adopt RISE with SAP, along with the SAP S/4HANA real-time business suite, the SAP SuccessFactors human experience management suite for talent development for its more than 1,500 employees, and the SAP Analytics Cloud.

“Al Qaryan Holding shows how Saudi Arabia’s organizations can digitally transform on the cloud into Intelligent Enterprises,” said Ahmed Al-Faifi, Senior Vice President and Managing Director, SAP Middle East North. “Al Qaryan Holding can optimize its operations and materials trading, customer and employee experiences, and support the region’s circular economy and sustainability goals.”

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